UK (Gift Aid)

If you pay tax in the UK your donation can be substantially increased in value by Gift Aid. This is because the College can claim back from HMRC the basic rate tax already paid by you. If you are a higher rate taxpayer, you can also claim personal tax relief on the difference between the basic rate of tax (currently 20%) and higher rate (40%) or the additional rate income tax (45%), on the gross value of your gift.

For legacies and bequests the charitable status of the College means that they are free from inheritance tax and capital gains tax which reduces the total liability on your estate. Those leaving at least 10% of their taxable estate to charity will have the tax charged on the remainder of their taxable estate reduced from 40% to 36%.